6. Address the debt

If you can't pay off the debt on your credit card now, give yourself more free time and move it to a balance transfer card. Providers, such as MBNA, are currently offering 0pc interest deals up to 43 months.

Be sure to compare the one-off balance transfer fees as each provider will charge differently.

There are a number of fee-free cards currently available from providers such as Tesco, Halifax and Virgin Money.

7. Clear out clutter and sell it online

When listing items, eBay will recommend a price but you don’t have to take it. Each private seller gets to list 20 items for free each month. After that it costs 35p per listing, plus 10pc of the final selling price including postage.

As alternatives, you could also try Vinted, a listing site for second-hand clothes, Etsy for unwanted arts and crafts - and Amazon for everything else.

8. Ask yourself if you really need a TV licence

You could save yourself £145.50 a year if you ditch your TV and just watch catch up services on Channel 4, ITV and Channel 5.

As of September last year, the BBC iPlayer loophole was closed so you now need a TV licence to watch BBC programmes online, as well as live TV.

Online streaming services such as Netflix and Amazon Prime both cost £5.99 a month.

9. Move to a fixed-rate mortgage now, while the rates remain at rock-bottom

Don't sit in your standard variable rate for too long, if at all.

Charlotte Nelson, of Moneyfacts, the data firm, suggested borrowers with a mortgage of £200,000 over 25 years could save £2,232 in a year if they switched from the average SVR charging 4.62pc to a mortgage rate of 2.31pc - similar to the average two-year fix.

10. Follow retailers on social networking sites like Twitter

Amazon, Asos, eBay and Debenhams are some of the retailers who tweet about their latest deals or sales on their website and in store.

11. Before you buy anything - see if you can get it for free

There may be no reason to treat yourself to a new sofa or dining table in the January sales as chances are someone's trying to get rid of theirs.

Check out online community groups such as Freecycle and Freegle before reaching for your wallet. These sites allow people in your area to offer up unwanted items, from record players to washing machines, for free. The idea is that it's as much about giving as receiving so make sure you play the game.

Ask yourself if there is somewhere you could get something for freeCredit:
Justin Leighton

Alternatively check out local "free stuff" groups on Facebook which work much the same way.

12. Recycle old mobile phones, DVDs and CDs

Mazumamobile.com is one of many websites you can use to sell your old mobile phone. It will pay up to £50 for a fully functional iPhone 5, or £10 for a faulty handset.

Music Magpie and Zapperwill give you money for your old CDs, DVDs and games.

13. Compare supermarket prices before filling your trolley

For example, the site today shows Innocent's Strawberries and Bananas fruit smoothie (750ml) costing £3.39 in Waitrose or £2 on offer in Sainsbury's.

You're not going to drive the extra distance just to save a few pounds, but if you've space to stock up and buy in bulk, this is the way to go.

14. Get haggling

Consumer lobby group Which? recently found that you could save £156 from your telecomms bill by haggling.

Before giving your provider a call, have a quick search for better deals out there to use as a bargaining tool and that leaving could well be an option. Try this with your energy supplier and insurance, mobile phone and broadband provider.

Will 2017 be the year you start haggling? Credit:
David Rose

There's also nothing to stop you haggling on the high street - what's the worst that can happen?

15. Share travel to cut costs

You can join websites like Liftshare.comor GoCarShare.com to meet other people who wish to share long-distance travel in order to cut costs. Drivers and passengers can benefit from travelling together, with the driver getting contributions for petrol costs, and the passengers saving on expensive train fares.

16. Ditch the gym membership

Sorry if it's too late and you've already signed up to a contract...

But if not, opt for monthly pay-as-you-go instead - especially if there is a strong likelihood that you will stop going.

Try a "pay-as-you-go" gym (PayasUgym.com) which allows you to buy discounted day bundle or monthly passes in your area. If you want to try a different gym, or to stop altogether, you won't lose the money that you would have lost with a contract.

It's only worth paying for a gym membership if you're actually going to goCredit:
R Zorin/Rex Features

17. Use discount websites to save on days out

There's no need to pay full price for spa days, cooking classes, events, meals out or weekends away when sites such as Groupon, Vouchercodes and Wowcher offer daily deals and discounts.

18. Get an app to prompt you to save

According to Ruth Bushi, from Save The Student, there has been a "surge" in "automatic savings" apps such as Get Chip and With Plum. These apps are designed to help you save money by linking to your current account and getting an overview of how and when you spend your income.

They then calculate how much you can afford to save each month, and automatically move the money into a savings account.

If apps aren't your thing, Ms Bushi suggested setting up a standing order to transfer an affordable amount to a savings account every month.

19. Find cheap flights in 2017

Look on websites like Cheapflights, Skyscanner and Kayak for the best deals. Make sure you delete your cookies (which can normally be found under Tools – Options on your browser) after visiting each site, as prices often go up if you visit the same website multiple times.

According to research from Kayak, the best time to book flights in 2017 is one or two months in advance when travellers can save up to 80pc. It suggested the cheapest European destination to fly to is Madrid (£66 on average) whereas Marrakech in Morrocco (£93) is the lowest priced international destination.

Flights to Marrakech have been tipped as the cheapest in 2017Credit:
Rex Features

By booking a month in advance, holidaymakers could save up to 55pc and 62pc respectively. The best days to travel are Sunday to Tuesday for Madrid, while Brits planning a trip to Marrakech should book a Friday to Friday trip to score maximum flight savings, it said.

20. Get swapping

Swapz claims to be the biggest swap site in the UK, with just under 100,000 swaps carried out this year. Users can register for free and exchange a wide variety of items from cars to karaoke machines.

Once you've read a book, you can swap it with someone else for a book on Readitswapit.

Swishing.co.uk is a swapping site for unwanted clothes, and Swishing.com arranges clothes swapping events around the UK.

21. Try selling on Facebook for free

The beauty of selling on Facebook is that it is free and easy..

Make sure you include as much detail about the items as possible, such as size, condition, if you will deliver, and whether you will negotiate on price. Also include where you are based, but be sure not to post exact addresses, for security reasons.

Each selling group is likely to have its own rules - make sure you read them before posting to avoid being kicked out.

This year Facebook also launched its "Marketplace" function, allowing users of the social media site to sell their items, making selling even easier.

You can access it through an updated version of the Facebook app on your smartphone.

22. Get cashback for shopping online

Cashback sites like Quidco or Topcashbackgive you cashback on your purchases once you have created an account with the respective site. You can browse high street and online retailers using the websites and once you buy an item, you will receive a percentage of the value of your shopping as cashback which will be paid into your account.

amelia.murray@telegraph.co.uk

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